Wedbush Has Bullish Estimate for ZION Q4 Earnings

Zions Bancorporation, National Association (NASDAQ:ZION) – Wedbush raised their Q4 2024 earnings per share estimates for Zions Bancorporation, National Association in a note issued to investors on Tuesday, October 22nd. Wedbush analyst D. Chiaverini now anticipates that the bank will post earnings per share of $1.14 for the quarter, up from their prior estimate of $1.09. Wedbush currently has a “Neutral” rating and a $55.00 target price on the stock. The consensus estimate for Zions Bancorporation, National Association’s current full-year earnings is $4.60 per share. Wedbush also issued estimates for Zions Bancorporation, National Association’s Q4 2025 earnings at $1.19 EPS and FY2026 earnings at $4.70 EPS.

Several other equities research analysts have also recently weighed in on ZION. Stephens increased their price objective on Zions Bancorporation, National Association from $53.00 to $55.00 and gave the stock an “equal weight” rating in a report on Tuesday. Compass Point raised their price target on Zions Bancorporation, National Association from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday. Truist Financial boosted their price objective on shares of Zions Bancorporation, National Association from $52.00 to $57.00 and gave the company a “hold” rating in a research report on Wednesday. Jefferies Financial Group dropped their target price on shares of Zions Bancorporation, National Association from $51.00 to $49.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Finally, Morgan Stanley lifted their target price on shares of Zions Bancorporation, National Association from $54.00 to $56.00 and gave the company an “equal weight” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Zions Bancorporation, National Association currently has a consensus rating of “Hold” and an average target price of $52.82.

Zions Bancorporation, National Association Stock Up 0.6 %

NASDAQ ZION opened at $52.18 on Wednesday. Zions Bancorporation, National Association has a 1 year low of $28.90 and a 1 year high of $53.32. The stock has a market capitalization of $7.71 billion, a PE ratio of 11.89, a PEG ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.78 and a quick ratio of 0.84. The business’s 50-day moving average is $47.97 and its 200 day moving average is $45.42.

Zions Bancorporation, National Association (NASDAQ:ZION) last announced its quarterly earnings results on Monday, October 21st. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $781.63 million. Zions Bancorporation, National Association had a net margin of 14.09% and a return on equity of 13.89%. During the same quarter last year, the firm earned $1.13 EPS.

Hedge Funds Weigh In On Zions Bancorporation, National Association

Hedge funds have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Zions Bancorporation, National Association by 103.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 165,025 shares of the bank’s stock worth $7,163,000 after acquiring an additional 4,993,164 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Zions Bancorporation, National Association by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 6,248,836 shares of the bank’s stock worth $271,003,000 after purchasing an additional 929,251 shares during the last quarter. Artemis Investment Management LLP grew its position in Zions Bancorporation, National Association by 165.0% in the 3rd quarter. Artemis Investment Management LLP now owns 905,576 shares of the bank’s stock worth $42,761,000 after purchasing an additional 563,889 shares during the period. AQR Capital Management LLC raised its stake in Zions Bancorporation, National Association by 75.0% during the 2nd quarter. AQR Capital Management LLC now owns 1,011,900 shares of the bank’s stock valued at $43,294,000 after buying an additional 433,513 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of Zions Bancorporation, National Association by 197.5% during the 1st quarter. Principal Financial Group Inc. now owns 567,198 shares of the bank’s stock valued at $24,616,000 after buying an additional 376,549 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Insider Activity at Zions Bancorporation, National Association

In related news, VP Bruce K. Alexander sold 5,156 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $51.83, for a total value of $267,235.48. Following the transaction, the vice president now directly owns 17,857 shares of the company’s stock, valued at approximately $925,528.31. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.22% of the stock is owned by insiders.

Zions Bancorporation, National Association Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Thursday, August 15th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Thursday, August 15th. Zions Bancorporation, National Association’s payout ratio is 37.36%.

Zions Bancorporation, National Association Company Profile

Zions Bancorporation, National Association provides various banking products and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. It operates through Zions Bank, California Bank & Trust, Amegy Bank, National Bank of Arizona, Nevada State Bank, Vectra Bank Colorado, and The Commerce Bank of Washington segments.